Former Indiana Senator Evan Bayh will now appear regularly on Fox News. The Democrat and the cable news network announced today that Bayh will give comments and political analysis on various Fox programs.

Bayh cited dissatisfaction with congress and excessively partisan politics as reasons for his retirement last year.

Bayh’s move to Fox comes weeks after he decided to stay in Washington D.C. and work as an advisor on banking and energy issues for the McGuire Woods law firm. The jobs are not mutually exclusive.

The move may come as a surprise, given that Bayh’s retirement was driven largely by his dissatisfaction with the Senate. According to the Wall Street Journal, Bayh will remain involved in congressional matters. Specifically, he will be a strategic adviser, largely on energy issues.

Mr. Bayh, a centrist Democrat who was a member of the Energy and Natural Resources Committee as well as the Banking Committee during his two terms in the Senate, likely will be spending a lot of time on banking policy as well as energy and climate-change policy.

Some of the firm’s major clients include Bank of America Corp., Wells Fargo & Co., BB&T Corp. and Fifth Third Bancorp. On the energy side, clients include Dominion Resources Inc. and Progress Energy Inc. Smithfield Foods Inc. is another significant client.

In an interview, Mr. Bayh said that despite the partisan divide in Congress, action on energy and climate issues is a real possibility this year as the EPA faces the need to regulate carbon dioxide and businesses turn to Congress for certainty.

Bayh has by far the most cash-on-hand of any retiring senator who is not seeking elective office this cycle, intensifying expectations that he is saving the cash for a future statewide or national run.

But Democrats battling to save their Senate majority seem eager to get as much of Bayh’s money as they can right now.

“We have certainly solicited and invited every member to give the maximum that they are able to help the effort,” said New Jersey Sen. Robert Menendez, DSCC chairman, in a recent interview when asked about Bayh’s campaign funds. “And clearly, the greater that we have a participatory caucus, the better position we’ll be in for the successes that we want this coming November.”

In the last quarter, Bayh did cut a $500,000 check to the Indiana Democratic Party – in addition to another $1 million he gave the state party back in March. But those resources are essentially devoted to Hoosier State races all the way down to the local level, rather than to the expansive nationwide field of Democratic candidates running for Congress.

During the last three months, Bayh donated $2,000 to New York Sen. Kirsten Gillibrand and $4,000 to Robin Carnahan, the Missouri Senate Democratic candidate. And in past quarters, he’s given similar-sized sums to at least 10 other Democratic candidates, including Senate Majority Leader Harry Reid (D-Nev.) and Sen. Patty Murray (D-Wash.).

But the lack of transfers of much-bigger amounts – like $2 million that New York Sen. Chuck Schumer gave to the DSCC last quarter and $100,000 given to the committee by retiring North Dakota Sen. Byron Dorgan – only fuels speculation that Bayh may be saving his money for either another run at Indiana governor’s mansion or a future run for national office.

The Daily Show’s John Oliver recently talked to outgoing Indiana Senator Evan Bayh for a piece on retiring Senators. You can watch it here, but there is some adult language. The whole video is entertaining, so watch until the end to see Bayh attempt to mail a letter.